927 SW Springfield DrAnkenyIA50023
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 927 SW Springfield Dr, Ankeny, IA, 50023 in Ankeny is straightforward: $205,000 in, $1,454/mo in rent, $258/mo out after debt service. The 10.27% gross yield and 1.58 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $56,638 by year five. With $1,888/yr in principal equity, the total cumulative return is projected at $75,981.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 7.2% |
| Monthly Cash Flow | $258 | $850 |
City averages based on Ankeny market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,454 |
| Total Monthly Debt Service | $1,415 |
| DSCR Ratio | 1.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2004
958.32 sqft lot
$N/A/sqft
$165 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 2004
958.32 sqft lot
$N/A/sqft
$165 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Moore • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #715965
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.